IROC vs SCHD
Invesco Rochester High Yield Municipal ETF vs Schwab US Dividend Equity ETF
Which is better, IROC or SCHD?
Long Term Municipal Bond against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IROC | SCHD |
|---|---|---|
| Expense Ratio | 0.39% | 0.06%Best |
| AUM | $154M | $112.2B |
| Dividend Yield | 5.20% | 3.13% |
| Holdings | 157 | 103 |
| YTD Return | -2.09% | +27.56%Best |
| 1Y Return | +0.97% | +30.29%Best |
| 3Y Return (annualized) | +3.38% | +16.37%Best |
| 5Y Return (annualized) | - | +10.23% |
| Volatility (annualized) | 4.6%Best | 13.0% |
| Max Drawdown | -4.8%Best | -16.1% |
| $10,000 over 3.7 years | $11,204 | $15,538Best |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Fixed Income | Equity |
| Style | Long Term Municipal Bond | Large Cap Value |
| Inception | Dec 9, 2022 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Dec 9, 2022 to Sep 4, 2026 (3.7 years).
IROC vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.7 years both funds cover.
IROC vs SCHD Performance
Invesco Rochester High Yield Municipal ETF (IROC) is an ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year IROC returned +0.97% while SCHD returned +30.29%. Year to date, IROC is down 2.09% versus a gain of 27.56% for SCHD.
Over three years, IROC compounded at +3.38% per year against +16.37% for SCHD. Across the full 4-year window we track, SCHD has the edge at +12.65% annualized vs +3.12%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.0% compared with 4.6% for IROC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -4.8% for IROC and -16.1% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IROC charges 0.39% per year while SCHD charges 0.06%. On a $10,000 position that is $39 vs $6 annually, a gap of $33 per year that compounds over a long holding period. On income, IROC currently yields 5.20% against 3.13% for SCHD.
Holdings Overlap
We hold position weights for 49 holdings in IROC and 100 in SCHD, totalling 26.9% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 49 positions we hold weights for in IROC and 100 in SCHD, against full books of 157 and 103.
You are not choosing between two funds in isolation.
Whichever of IROC and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IROC or SCHD?
IROC has an expense ratio of 0.39% while SCHD charges 0.06%. SCHD is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, IROC or SCHD?
Over the past year IROC returned +0.97% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), IROC annualized +3.12% vs +12.65% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IROC or SCHD?
SCHD has been the more volatile fund at 13.0% annualized versus 4.6% for IROC. Worst drawdown: IROC -4.8% vs SCHD -16.1%.
Should I hold both IROC and SCHD?
IROC and SCHD have a monthly-return correlation of 0.50, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IROC or SCHD?
IROC yields 5.20% while SCHD yields 3.13%, so IROC currently pays the higher dividend yield.
Is SCHD better than IROC?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.